When the tech market roller coaster hits the drop from American Public Media, this is Marketplace Tech.

I'm Megan McCarty Carino.

In the days following President Donald Trump's Liberation Day tariff announcements last Wednesday,

the tech-heavy NASDAQ saw its biggest plunge since March 2020.

The so-called Magnificent 7, Nvidia, Apple, meta, Amazon, Google, Microsoft, and Tesla lost a combined

$1.8 trillion in two days.

Things have bounced around since then, but fair to say, this has been a shock of historic proportions.

That it's not hitting all companies equally, says Daniel Newman, CEO and chief analyst at the Futurum Group.

The consumer part of technology, I think, is really at risk with things like PCs and smartphones.

We're saying, hey, we're going to build and screw in our iPhones here.

Are we ready for $5,000 iPhones?

So if I'm on the consumer side and I'm investing in a company like Apple, I'm really nervous right now.

And I think this selling pressure on Apple, which has historically been a flight to safety name,

is evident that people just don't know.

They're not confident.

And despite its half trillion dollar commitments to do more in the U.S.

And even its comments about doing more in India, nobody seems to feel comfortable that

the consumer demand will be there. Because that's also tied to things like recession. So that means

a lot of things that smaller companies, individual buy, become more at risk. Now, on the other side

of this, I actually have spent time with a number of CEOs in the big tech and mega cap companies.

And, you know, both my perspective and theirs is that things like enterprise AI and the build

out of the AI super highway of the future, you know, these big data centers, almost tariff

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